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Thai Airways to Launch $307M MRO Center at U-Tapao

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Thai Airways International is moving forward with a significant investment in a new aircraft Maintenance, Repair and Overhaul (MRO) center to be established at U-Tapao Airport, Thailand. The project, valued at approximately $307 million, is scheduled to commence in late 2025 and will be operated under a private-sector lease model, opening the door to broader investment and commercial partnership opportunities.

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Jet Time Signs First Full-Year ACMI Deal With Finnair

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Jet Time, a Danish charter and ACMI operator, has announced the extension of its partnership with Finnair through its first full-year ACMI contract, which will see two Boeing 737-800s operated on behalf of the Finnish flag carrier from winter 2025 until October 2026.

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Plus Ultra Signs ACMI Deal With Air Algérie For A330-200

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Plus Ultra, a Spanish airline specializing in charter and ACMI services, has signed a new agreement with Air Algérie to provide one Airbus A330-200 under an ACMI lease for the next 12 months. The aircraft will support the Algerian carrier’s network during a period of elevated demand and ongoing fleet adjustments.

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TP Aerospace Signs Support Deal With SolitAir For B737NG Fleet

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TP Aerospace, a Denmark-based wheel and brake specialist, has entered into a new Land For Less Program agreement with SolitAir, an airline based in the United Arab Emirates. The deal covers support for SolitAir’s current and expanding fleet of Boeing 737NG aircraft, reinforcing TP Aerospace’s growing presence in the Middle East market.

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Porter Airlines Expands Maintenance Operations in Halifax

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Porter Airlines, a regional airline based in Canada, is expanding its maintenance capabilities through the lease of a 20,000 square foot hangar at Halifax Stanfield International Airport. The newly secured facility will provide dedicated support for the airline’s growing E195-E2 and DHC8-400 fleets.

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AAR Secures Multi-Year Nacelle MRO Agreement with Cebu Pacific

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AAR (US) has signed a multi-year nacelle maintenance, repair, and overhaul (MRO) agreement with Cebu Pacific Air (Philippines) to support the airline’s Airbus A320 fleet, powered by CFM56-5B engines. The contract will see AAR performing nacelle MRO services at its Chonburi, Thailand facility, reinforcing its commitment to expanding support for Asia-Pacific carriers.

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StandardAero Reports $5.2 Billion Revenue for 2024, With Q4 Growth of 21.8%

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StandardAero (US) has announced its 2024 financial results, reporting $5.2 billion in total revenue, marking a 14.8% year-on-year increase. The company’s Q4 2024 revenue surged by 21.8% to $1.4 billion, reflecting strong growth in its maintenance, repair, and overhaul (MRO) business. Despite the revenue gains, StandardAero posted a Q4 net loss of $14.1 million, attributed to operational costs and investment adjustments, while for…

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Lufthansa Technik and Hebei Airlines Strengthen Engine MRO Partnership

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Lufthansa Technik (Germany) and Hebei Airlines (China) have strengthened their long-term cooperation with a comprehensive Engine Maintenance Services contract focused on CFM56-7B engines used in the airline’s Boeing 737-800 fleet. This agreement reinforces Lufthansa Technik’s role as a key MRO provider for Chinese carriers, ensuring high operational reliability and cost-efficient maintenance solutions.